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Broker tips: Harworth, AJ Bell,

By Alexander Bueso

Date: Friday 23 Jul 2021

Broker tips: Harworth, AJ Bell,

(Sharecast News) - Analysts at Liberum revised up their target price for Harworth in the wake of the land and property regeneration company's latest trading update.

With the company having guided towards an EPRA net disposal value as at 30 June "materially ahead" of the current consensus of 167.0p for year-end 2021, Liberum upped its target price from 161.0p to 175.0p.

Their own year-end 2021 NDV estimate meanwhile was marked uo by 6.8% to 179.0p with the total accounting return now anticipated for 2021 at 12.7% - which was toward the top end of its UK real estate coverage universe.

They also highlighted the "attractive" 15% discount the shares were trading on relative to the spot EPRA NDV, against 18% for the wider UK real estate sector.

Analysts at Barclays raised their target price for AJ Bell but stayed at 'underweight' on the shares, telling clients they preferred to play "supportive" themes in UK wealth post-Covid through adviser platform peer IntegraFin.

Nevertheless, they dubbed growth in the broker's assets under management, driven by rising platform flows and "large positive" market contribution "impressive".

They also noted the "robust" 17,000 growth in AJ Bell's new customers.

"Rising flows and robust new customer additions, despite easing COVID restrictions allowing consumers more spending opportunities, should be taken well," they explained.


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